21:03 UTC
Uptrend paused, pullback stalling · RSI 47 · price 1.40836
Consolidation after June high, holding above 1.4000.
Uptrend built from the late-March lows near 1.3550 peaked at 1.4248 in mid-June, after which price rolled over and pulled back into a 1.4017–1.4125 zone. The last three weeks have been sideways consolidation around EMA(50), with the 1.4000 psychological level holding on the July dip. The tariff-driven CAD softness and Fed-BoC divergence underpin the range, but momentum has flattened into event risk.
Support: 1.4060, 1.4017, 1.4000
Resistance: 1.4125, 1.4248
What it said to watch
- Daily close below 1.4000 confirms a lower low and extends the pullback
- Close above 1.4125 reopens the path toward the 1.4248 year high
- FOMC Wed and Canada GDP Fri are the dominant catalysts for this range